Mexico Fund (NYSE:MXF) Major Shareholder Buys $183,348.00 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,334 shares of Mexico Fund stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $22.00 per share, for a total transaction of $183,348.00. Following the purchase, the insider owned 1,953,637 shares of the company's stock, valued at approximately $42,980,014. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, May 14th, Saba Capital Management, L.P. bought 33,108 shares of Mexico Fund stock. The stock was acquired at an average price of $22.00 per share, for a total transaction of $728,376.00.
• On Wednesday, May 13th, Saba Capital Management, L.P. bought 15,148 shares of Mexico Fund stock. The stock was acquired at an average price of $22.13 per share, for a total transaction of $335,225.24.
• On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The stock was acquired at an average price of $22.01 per share, for a total transaction of $198,090.00.
• On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.82 per share, for a total transaction of $65,460.00.
• On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The stock was acquired at an average price of $21.33 per share, for a total transaction of $4,628.61.
• On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.83 per share, for a total transaction of $2,183,000.00.
• On Tuesday, April 21st, Saba Capital Management, L.P. bought 3,505 shares of Mexico Fund stock. The stock was acquired at an average price of $21.86 per share, for a total transaction of $76,619.30.
• On Friday, April 17th, Saba Capital Management, L.P. bought 179 shares of Mexico Fund stock. The stock was acquired at an average price of $22.00 per share, for a total transaction of $3,938.00.
• On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The stock was acquired at an average price of $22.17 per share, for a total transaction of $48,774.00.
• On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The stock was acquired at an average price of $21.23 per share, for a total transaction of $80,971.22.

Mexico Fund Trading Up 0.1%

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MXF stock opened at $21.66 on Tuesday. The business's fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $20.87. Mexico Fund, Inc. has a twelve month low of $16.10 and a twelve month high of $23.00.

Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 6.5%.

Hedge Funds Weigh In On Mexico Fund

Several institutional investors have recently made changes to their positions in the company. Uhlmann Price Securities LLC increased its stake in shares of Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company's stock valued at $2,118,000 after buying an additional 1,074 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company's stock valued at $27,000 after buying an additional 1,194 shares during the period. Calamos Advisors LLC increased its stake in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company's stock valued at $446,000 after buying an additional 2,535 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company's stock valued at $105,000 after buying an additional 2,735 shares during the period. Finally, Alpine Global Management LLC purchased a new position in shares of Mexico Fund during the third quarter valued at $265,000.

Mexico Fund Company Profile

(Get Free Report)

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.

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